Listed by Real Experts Realty, Bought with Keller Williams Rty Tacoma
NOT LISTED FOR SALE

Estimated Value: $1,016,000 - $1,194,000

8 Beds
4 Baths
4,920 Sq Ft
$228/Sq Ft Est. Value

Last Sold May 31, 2019

Last sale price $761,000 $155 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $7,172/month

3 Days on Market

Highlights

  • Views of a Sound
  • Patio
  • Property is in very good condition
  • Deck
  • High Speed Internet
  • Property is Fully Fenced

About This Home

As of May 2019

Beautiful Des Moines 4-Plex with extremely strong financials in a great location! Cap rate 6.33%!! Has full month to month tenants and a brand new 10 year roof! 1000’s of new jobs coming up as there are new warehouses built across the street! Easy access to I-5, 167, and Pacific Highway. Marble flooring in all bathrooms, black granite countertops and solid oak cabinets in kitchens. Combination of pergo and carpet, so you only have to replace one aspect at a time! This won’t last!

Last Agent to Sell the Property

Royal Omolade

Real Experts Realty License #27374 Listed on: 04/26/2019

Co-Listed By

Kristin Hood

WeLakeside License #129676

Last Buyer's Agent

Derek Johnson

Keller Williams Rty Tacoma License #117643

Keller Williams Rty Tacoma

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1446728

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,200

Year Built

  • Built in 1969

Lot Details

  • 7,980 Sq Ft Lot
  • Property is Fully Fenced
  • Property is in very good condition

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Pillar, Post or Pier Foundation
  • Stone Siding
  • Vinyl Construction Material

Interior Spaces

  • 4,920 Sq Ft Home
  • 4-Story Property
  • Views of a Sound

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Des Moines Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2724201260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,200

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1969
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4920
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 336

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, See Remarks, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • View: Sound
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Stone
  • Foundation Details: Post & Pillar
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterSewerGarbage: 5374

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 2724201260
  • Lot Size Acres: 0.1832
  • Lot Size Sq Ft: 7980
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 5355

Multi Family

  • Gross Scheduled Income: 63761
  • Net Operating Income: 47745
  • Number Of Units Total: 4
  • Electric Expense: 401
  • Insurance Expense: 1601
  • Leasable Area: 4800
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2019
  • Tax Annual Amount: 7200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2023
Sold by
Dinh Hamy and Dinh Khanh
Bought by
Maivy Apartments 2 Llc
Current Estimated Value
$1,119,473

Purchase Details

Listed on
Apr 26, 2019
Closed on
May 29, 2019
Sold by
Albert Dennis A and Albert Gayle C
Bought by
Dinh Hamy and Nguyen Khanh
Seller's Agent
Royal Omolade
Real Experts Realty
Buyer's Agent
Derek Johnson
Keller Williams Rty Tacoma
List Price
$754,000
Sold Price
$761,000
Premium/Discount to List
$7,000
0.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.47%
Original Mortgage
$570,750
Interest Rate
4.1%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Maivy Apartments 2 Llc $984,000 None Listed On Document
Dinh Hamy $761,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dinh Hamy $542,500
Previous Owner Dinh Hamy $570,750
Previous Owner Albert Dennis A $187,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2019 05/31/19 Sold $761,000 +0.9% $155 / Sq Ft
04/29/2019 04/29/19 Pending -- -- --
04/26/2019 04/26/19 For Sale $754,000 -- $153 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,864 $1,013,000 $200,000 $813,000
2023 $11,088 $998,000 $180,000 $818,000
2022 $11,055 $984,000 $140,000 $844,000
2021 $10,590 $863,000 $120,000 $743,000
2020 $9,609 $783,000 $120,000 $663,000
2018 $7,296 $568,000 $111,700 $456,300
2017 $6,706 $491,000 $95,700 $395,300
2016 $6,487 $455,000 $63,800 $391,200
2015 $5,957 $449,000 $55,800 $393,200
2014 -- $407,000 $55,800 $351,200
2013 -- $401,000 $55,800 $345,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1446728

Northwest Multiple Listing Service (NWMLS)

APN: 272420-1260